An African record has been set for the FICA process which used to take anywhere from two days to two weeks. It is now completed within three minutes thanks to an innovative South African’s fintech startup, ThisIsMe. “ThisIsMe has set a new African record for the compliance process known as Know Your Customer (KYC) and
The South African financial technology company that brought card-payment systems to smaller businesses as far back as 2008 has just announced a new integrated payment solution that will benefit franchise store owners, larger independent retailers and franchise owners. Sureswipe is SA’s first independent payment service provider to offer a fully integrated payment solution with acquiring
The Gauteng Provincial Government will in the next three months introduce a pilot project for a single e-ticket for public transport users. A similar card-based pilot project was introduced in Pretoria last year by the South African National Taxi Council (Santaco) for minibus taxi commuters on the Johannesburg, Pretoria and Mabopane (JPM) route. However, according
FNB announced that customers who use its award winning banking app will no longer need data to access it via their smartphones from 1 July 2017. This follows an agreement with all major mobile network operators in South Africa to zero rate access to the FNB Banking App allowing all customers to use it at
Direct Pay Online (DPO) Group, through its South African subsidiary DPO SA, have announced the acquisition PayThru South Africa, a cloud-based payment gateway that specializes in the integration of mobile devices. The acquisition is in line with the Group’s strategy to strengthen its positioning in South Africa and establish itself as the leading payment service
Over the last few years there has been a significant increase in debit orders processed to bank accounts without permission (a mandate) from consumers. On the other hand, irresponsible consumer behavior, where bank customers are disputing debit orders that do have valid mandates, at their banks, has also become a huge concern for the industry.
The days of businesses waiting for paper or voice authorisations from customers to start customer debit orders and recurring payments are over. Fintech startup Direct Debit recently launched E-Mandate, a valid electronic agreement that allows customers to sign and authorise debit orders and recurring payment transactions online from any web-enabled device. Jaco van Wyk, co-founder
The days of businesses waiting for paper or voice authorisations from customers to start customer debit orders and recurring payments are over. Fintech startup Direct Debit recently launched E-Mandate, a valid electronic agreement that allows customers to sign and authorise debit orders and recurring payment transactions online from any web-enabled device. Jaco van Wyk, co-founder
Rand Merchant Investment Holdings through AlphaCode, RMI’s innovation hub for fintech entrepreneurs and Nedbank Private Equity (NPE) through its private equity investment vehicle, BoE Private Equity Investments, have each acquired minority shareholdings in Entersekt in a multi-million dollar transaction. Entersekt is a Stellenbosch-based innovator that has developed world-class push-based authentication and app security technology. The
The recent WannaCry attacks have underlined, underscored and highlighted how absolutely important it is to patch a computer, avoid opening unknown attachments and recognise risk when it arrives in an inbox. And, while there is no connection between the ransomware and online payment fraud, both rely on trust and lack of awareness to perpetuate their
